Global S&T Development Trend Analysis Platform of Resources and Environment
Top Management Quality, Corporate Finance, and Corporate Innovation | |
[unavailable] | |
2017-09-15 | |
出版年 | 2017 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
The quality of top management can influence a firm’s long-term success by selecting, investing in, and implementing innovative projects. In this paper, we review the theoretical and empirical literature on measuring the top management quality of firms, and its relation to various aspects of corporate financial policies and corporate innovation, drawing policy implications for enhancing corporate innovation. First, we discuss how management quality has been measured in the recent empirical literature. Second, we address theoretical models of the effect of the top management quality of a firm on its corporate financial and investment policies, and on corporate innovation. Third, we consider the recent empirical literature on the relationship between top management quality and the financial and investment policies of a firm, and how these affect the firm’s inputs into innovation, its innovation outputs, and innovation productivity. Fourth, we review the literature on the relationship between a firm’s top management quality, the anti-takeover provisions incorporated into its corporate charter, and corporate innovation. Fifth, we discuss the relationship between venture capital investments in entrepreneurial firms, their top management quality, and innovation by these firms. Sixth, we review the literature on the relationship between top management quality, the going public decisions of entrepreneurial firms, and the innovation outputs from these firms. We conclude with a discussion of the lessons from the theoretical literature and US evidence on corporate innovation for policy makers in various countries in Asia and elsewhere. We draw implications for public policy aimed at enhancing corporate innovation in these countries. WORKING PAPER NO: 780 |
URL | 查看原文 |
来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/234268 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Top Management Quality, Corporate Finance, and Corporate Innovation,2017. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp780.pdf(565KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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